Jrussell86

Undervalued Breakout Confirmed

Long
NASDAQ:JNP   None
Minor wave correction providing opportunity to buy. Initial PT: ≈6.7. VERY UNDERVALUED- provides excellent margin of safety .

Pattern broke out of upper boundary. Pattern conforms to symmetrical triangle and inverse head and shoulders, but volume profile matches inverse head and shoulders better. Measure rule implies ≈50% increase from breakout.

DCF models place fair value from 6.24-10.42.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.